CrystalRaindrops — 10 months ago(May 23, 2025 04:47 AM)

Donald Trump hosted a dinner for investors in his meme coin on Thursday, as critics warned the US president was putting personal profit first.
Some 220 of the biggest investors in the $TRUMP meme coin descended on the exclusive dinner at Mr Trump's private country club in Northern Virginia.
As the US president arrived, more than a hundred protesters at the Trump National Golf Club held signs that included "America is not for sale", "stop crypto corruption" and "release the list".
Massachusetts senator Elizabeth Warren described the dinner, where the US president spoke for about half an hour before dancing to the song YMCA, as an "orgy of corruption".
Access to the dinner, and the president, was earned by purchasing enough of his $TRUMP meme coin to secure a seat.
The White House insisted Mr Trump would attend the event "in his personal time", but the lectern he stood behind had the presidential seal.
NBC News reported that during his remarks, Mr Trump did not unveil any new crypto policies but spoke in support of a potential bitcoin reserve and then left promptly afterward.
In total, investors spent an estimated $148m (£110m), with the top 25 holders of the coin spending more than $111m (£82.56m), according to crypto intelligence firm Inca Digital.
A company controlled by the Trump family, and a second firm, hold 80% of the remaining $TRUMP coins and have so far earned $320.19m (£238.14m), including at least $1.35m (£1m) after the dinner announcement, according to blockchain analytics firm Chainalysis.
According to blockchain analysis, more than half of the 220 holders who attended the black-tie event are likely based outside the US.
This has led to claims the US president has auctioned off access to himself to foreign investors for personal gain.
In response to criticisms about Mr Trump using his office to enrich himself from the meme coin, White House press secretary Karoline Leavitt said: "All of the president's assets are in a blind trust, which is managed by his children.
"And I would argue, one of the many reasons that the American people re-elected this president back to this office is because he was a very successful businessman before giving it up to publicly serve our country."
https://news.sky.com/story/investors-descend-on-trumps-golf-club-for-148m-meme-coin-dinner-amid-protests-13373098